ISLAMABAD, Nov 10 (APP):The Virtual Asset Alliance of Pakistan (VAAP) has been launched to protect investors in cryptocurrency and digital assets, raise cyber-security awareness, and represent Pakistan's industry globally. The Alliance has been formed in collaboration with Asia Web3 Alliance Japan. Speaking at a press conference at the National Press Club Islamabad, Alliance representative Syed Ehtesham Hamdani, along with industry leaders Mubashir Irfan, Muhammad Ismail, Zain-ul-Abideen, Hamza Kiani, and Shafiq-ul-Hassan, …
Virtual asset alliance of Pakistan launched to protect crypto investors
ISLAMABAD, Nov 10 (APP):The Virtual Asset Alliance of Pakistan (VAAP) has been launched to protect investors in cryptocurrency and digital assets, raise cyber-security awareness, and represent Pakistan’s industry globally.
The Alliance has been formed in collaboration with Asia Web3 Alliance Japan. Speaking at a press conference at the National Press Club Islamabad, Alliance representative Syed Ehtesham Hamdani, along with industry leaders Mubashir Irfan, Muhammad Ismail, Zain-ul-Abideen, Hamza Kiani, and Shafiq-ul-Hassan, said the platform aims to protect investors from fraud, cyber-attacks, and fake exchanges, and to provide a joint platform for individuals and companies associated with digital assets.
He said the lack of authentic data on the number of crypto investors and investment volume in Pakistan is a major issue, which needs to be addressed through awareness and data compilation.
He clarified that the Alliance is not an alternative to any government or regulatory body, but will act as a bridge between the public and relevant authorities. It will provide guidance on filing complaints, legal assistance, and protection of digital accounts.
The speakers said the Alliance will also create business opportunities for youth in blockchain and digital assets, guide companies in registration and licensing, and organize awareness programs in universities.
They appealed to blockchain companies, startups, investors, and stakeholders to join the Alliance, adding that Pakistan can gain a prominent position in the global digital economy through an effective strategy and investor protection.
